Today’s trade of the day features another cup with handle base. Falconstor (FALC) is a company with not only a great looking stock chart but with great fundamentals making it a potentially good longer term play. The stock first broke out on September 18th with very heavy volume and on that day offered the first entry point. The very next day the stock cleared multi year highs above 12.28 and is now digesting those gains with light selling volume. I don’t expect this stock to stay down for long.
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Dissecting MarketClub's World Cup Portfolio
(Scott's Investments, 8/11/10)
2010 Stock Picks: World Cup Special!!!!
(Intelligent Speculator, 6/10/10)
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(Wealth Daily, 9/19/07)
World Cup – the ultimate winner is South Africa
(Investment Postcards from Cape Town, 7/19/10)
Filed under Stock Trade of the Day by Tate Dwinnell
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